In 2019, the Global Pumpkin Candles Market was valued at USD 220.7 Million and is expected to register a CAGR of 6.1% between 2020 and 2026.
The demand for pumpkin candles has increased in the last
couple of years globally. Pumpkins are spicy scented candles that help in
removing unpleasant odors. Additionally, such scented candles act as home
decoration products, which is increasing their popularity exponentially. The
increasing trend of scented candles, especially in western countries, is driving
the overall pumpkin candles market. Its application across aromatherapies and
massages is triggering the growth of the market in the last couple of years.
Additionally, the outbreak of COVID-19 has resulted in a surge
in demand for pumpkin candles across the globe. Owing to the lockdown
restriction due to the COVID-19 outbreak, people are spending more time in the
home and focusing more on home decoration. Additionally, the seasonal demand
for pumpkin candles due to Halloween celebrations is further anticipated to
boost the market during the review period. However, this sudden increase in
demand for pumpkin candles is only for a temporary period and is expected to
normalize once the outbreak decreases.
Market USP
Rising popularity of scented candles across the globe
Growth Opportunities in the Marke
Beeswax and Soy wax materials to dominate the
pumpkin candles: Paraffin wax is the most common form of material
used in candles. However, paraffin candles, when burned, releases highly toxic
benzene and toluene, which is harmful for the environment. Hence, manufacturers
are looking for toxic-free materials such as beeswax and soy wax. Demand for
such types of materials is anticipated to increase during the review period.
A surge in demand for premium candles: The
demand for premium scented candles is anticipated to increase, especially in
the North American and European countries. Additionally, most premium candles
are made from toxin-free materials, and hence, the demand for premium candles
is anticipated to increase.
Easy Availability of pumpkin candles in
Store-Based distribution channels: The easy accessibility of
pumpkin candles in store-based distribution channels has resulted in its
dominance. Additionally, the increasing number of store-based channels for sale
and purchase of pumpkin candles worldwide, such as supermarkets and
hypermarkets and convenience stores as well as several other local stores, have
resulted in the dominance of store-based distribution channels. However, during
the COVID-19 outbreak, individuals prefer online purchases. E-commerce
companies are also providing discounts and various options to promote a healthy
and safer way of purchases.
Key Players
The Yankee Candle Company (US)
Williams-Sonoma Inc. (US)
Holly's House (UK)
Gibson & Dehn (US)
Anthropologie’s Boulangerie (US)
Williams-Sonoma Inc. (US)
C. Johnson & Son, Inc. (US)
Bath & Body Works, LLC (US)
C. Johnson & Son, Inc (US)
Our Own Candle Company (Australia)
Complete Report Details @ https://www.marketresearchfuture.com/reports/pumpkin-candles-market-10364
About Market Research Future
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide the optimum quality
market research and intelligence services to our clients. Our market research
studies by products, services, technologies, applications, end users, and
market players for global, regional, and country level market segments, enable
our clients to see more, know more, and do more, which help to answer all their
most important questions.
In order to stay updated with technology and work process of
the industry, MRFR often plans & conducts meet with the industry experts
and industrial visits for its research analyst members.
Comments
Post a Comment